An XRP and crypto enthusiast known as Krippenreiter recently shared exciting news about the latest version of the XRP Ledger on X (formerly Twitter). This upgraded ledger introduces significant core updates and new functionalities that will enhance the XRPL ecosystem. Krippenreiter mentioned that the new version is expected to be available to all node operators by November 13, 2023.
One of the key features of the upgraded XRP Ledger is the introduction of APIV2, a new API version that offers more functionalities compared to traditional APIs. API V2 includes the DeliverMax feature, which allows for more efficient transactions. Additionally, error messages have been added to improve the user experience, while certain API methods have been removed.
Krippenreiter highlighted the improvements made to the XRP Ledger’s Transaction Per Second (TPS) performance and stability. These enhancements were proposed by a community member known as MarkTravis15. The three changes implemented focus on enhancing consensus stability, introducing asynchronous writing of batches to NuDB, and implementing periodic intervals for applying transaction batches. These upgrades are expected to significantly improve the ledger’s overall performance.
The upgraded XRP Ledger also introduces a new RPC method that allows software applications to effectively connect to a specific network within the XRPL ecosystem. This new method enables developers to gather information from nodes, expanding the connectivity options available to software apps.
In addition to the core updates and new functionalities, the upgraded XRP Ledger includes bug fixes and other code improvements. These changes aim to ensure better readability and overall efficiency of the ledger. By addressing existing issues and refining the codebase, the XRP Ledger can provide a more seamless experience for users.
Beyond the current upgrades, Krippenreiter shared a series of proposed amendments that could significantly impact the XRPL ecosystem if approved by the community and implemented. The first proposed amendment, called federated side chains, introduces bidirectional connectivity to XRPL assets. This proposal aims to increase interoperability within the ecosystem by leveraging witness servers like Xahau and CBDCL.
The second proposed amendment focuses on implementing a sovereign identity solution called decentralized identifiers (DID) on the XRPL. This solution would provide users with more control over their identities and enhance security.
The third proposed amendment addresses unexpected behavior of the XRPL payment engine and aims to develop appropriate solutions to fix any issues that may arise.
The final proposed amendment seeks to provide clarity on how authorized trust lines should be established and permitted. By clearly defining the process, issuers and users can navigate the system more effectively, ensuring better transparency and security.
The upgraded XRP Ledger brings forth a range of exciting updates and functionalities. From APIV2 and enhanced TPS performance to improved connectivity options and bug fixes, these changes aim to enhance the XRPL ecosystem. Additionally, the proposed amendments offer even more potential enhancements to address key aspects of the ledger. As the XRP community eagerly awaits the availability of the new version, it’s clear that the XRP Ledger continues to evolve, providing an efficient and secure platform for users in the crypto space.
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